ARIZONA NEWS

Phoenix continues to see substantial growth amid coronavirus pandemic

Sep 7, 2020, 5:30 AM | Updated: 12:06 pm
(AP Photo/Ross D. Franklin)...
(AP Photo/Ross D. Franklin)
(AP Photo/Ross D. Franklin)

PHOENIX – The Phoenix-area continues to see substantial economic and construction growth despite the presence of the COVID-19 pandemic.

Phoenix Mayor Kate Gallego told KTAR News 92.3 FM on Friday that out of the top 10 construction markets, Phoenix is the only market where construction expenditures increased during the COVID-19 pandemic.

“These are big investments in the advanced economy and it really is an exciting time for Phoenix,” Gallego said.

She noted there are currently 18 construction cranes in the downtown area. The construction projects include both residential, commercial and office space.

Gallego said this growth is expected to continue, even after the pandemic subsides.

“Our economic indicators are showing us that it is going to be a good path forward compared to our peer cities,” Gallego said.

According to the U.S. Census, Phoenix is the fastest growing city in the country. The city had the largest numeric increase of people of over 234,300 people moving to the Valley between 2010 and 2019.

As a result, Gallego said the city is seeing a strong housing market and people moving to the area with an interest in wide variety of industries.

One of the aspects of the economy that Phoenix has tried to support throughout the pandemic is small businesses.

“We’re also really trying to support our small businesses because we know they are so much of what makes our city such a great city and really the backbone of our economy,” Gallego said.

Phoenix offers small businesses up to $10,000 in relief grants if they have no more than 25 employees and have lost more than 25% of their business, among other qualifications. There’s still more than $4 million to be distributed in the program, according to Gallego.

KTAR News 92.3 FM’s Luke Forstner contributed to this report.

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Getty Images Photo/Roberto Machado Noa)...
KTAR.com

Police investigate death of 45-year-old woman shot in Phoenix

Police are investigating the death of a woman who died from a gunshot wound in Phoenix Friday night.
18 hours ago
FILE - In this Wednesday, May 27, 2020 file photo, Medical personnel adjust their personal protecti...
KTAR.com

Arizona reports 2,482 new COVID-19 cases, 9 more deaths Saturday

Arizona health officials on Saturday reported 2,482 new COVID-19 cases and nine additional deaths from the disease.
18 hours ago
(Facebook Photo/Phoenix Police Department)...
KTAR.com

Woman dies after being struck by vehicle in Phoenix

An adult woman was killed after getting struck by a vehicle near the intersection of East McDowell Road and North 26th Street in Phoenix on Friday night.
18 hours ago
(Facebook photo/City of Phoenix, AZ USA)...
KTAR.com

Phoenix adopts roadmap to cut emissions, reach net-zero goal by 2050

The city of Phoenix Tuesday approved a climate action plan with the goal of reaching net-zero by 2050 while also reducing 50% of emissions by 2030. 
18 hours ago
(Facebook photo/Special Olympics Arizona)...
KTAR.com

Special Olympics Arizona to kick off fall games next weekend

More than 1,000 Special Olympics athletes across the state will head to the Valley next weekend to compete in the 2021 Fall Games presented by Casino Arizona.
18 hours ago
(Facebook photo/Holiday Light Experience - Salt River Fields)...
KTAR.com

Tickets for Holiday Light Experience at Salt River Fields go on sale

People can begin buying their tickets now to the Holiday Light Experience at Salt River Fields in Scottsdale which is set to get underway in November.
18 hours ago

Sponsored Articles

...
DISC DESERT INSTITUTE FOR SPINE CARE

What you need to know about spine health

With 540 million people suffering from lower back pain, it remains the leading cause of long-term disability. That’s why World Spine Day on Oct. 16 will raise awareness about spinal health with its theme, BACK2BACK. “BACK2BACK will focus on highlighting ways in which people can help their spines by staying mobile, avoiding physical inactivity, not overloading […]
...
Schwartz Laser Eye Center

How to sharpen your vision with elective procedures

Imagine opening your eyes in the morning and being able to see clearly. You wouldn’t have to wait to put on glasses or contacts, and there would be no more blurry showers nor forgetting where your glasses are.
...
PNC Bank

How one organization supports early childhood literacy for the most vulnerable

Nearly two out of every three children in low-income communities don’t own a single children’s book, a fact that ultimately could have profound impacts even before entering kindergarten, according to Arizona nonprofit Southwest Human Development.
Phoenix continues to see substantial growth amid coronavirus pandemic